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Texas Service Sector Outlook Survey

March 31, 2020

Results Table

Report


Historical data are available from January 2007 to the most current release month.

Business Indicators Relating to Facilities and Products in Texas
Current (versus previous month)
Indicator Mar Index Feb Index Change Series
Average
Trend* % Reporting Increase % Reporting
No Change
% Reporting Decrease

Revenue

–67.0

14.0

–81.0

11.7

1(–)

2.4

28.2

69.4

Employment

–23.8

6.1

–29.9

6.5

1(–)

3.4

69.4

27.2

Part–Time Employment

–21.4

4.1

–25.5

1.6

1(–)

2.8

73.0

24.2

Hours Worked

–43.0

4.4

–47.4

2.5

1(–)

4.2

48.6

47.2

Wages and Benefits

–12.4

17.7

–30.1

14.5

1(–)

8.4

70.8

20.8

Input Prices

0.1

26.6

–26.5

25.3

131(+)

16.2

67.6

16.1

Selling Prices

–44.5

8.0

–52.5

5.2

1(–)

0.0

55.5

44.5

Capital Expenditures

–22.7

11.1

–33.8

10.6

1(–)

8.6

60.2

31.3

General Business Conditions
Current (versus previous month)
Indicator Mar Index Feb Index Change Series
Average
Trend** % Reporting Improved % Reporting
No Change
% Reporting Worsened

Company Outlook

–75.3

5.1

–80.4

5.7

1(–)

0.0

24.7

75.3

General Business Activity

–78.8

7.0

–85.8

3.5

1(–)

0.0

21.2

78.8


Indicator Mar Index Feb Index Change Series
Average
Trend* % Reporting Increase % Reporting
No Change
% Reporting Decrease

Outlook Uncertainty†

37.6

4.6

+33.0

12.0

26(+)

65.7

6.2

28.1

Business Indicators Relating to Facilities and Products in Texas
Future (six months ahead)
Indicator Mar Index Feb Index Change Series
Average
Trend* % Reporting Increase % Reporting
No Change
% Reporting Decrease

Revenue

–40.3

39.9

–80.2

37.4

1(–)

24.0

11.7

64.3

Employment

–32.3

26.9

–59.2

22.0

1(–)

10.1

47.5

42.4

Part–Time Employment

–23.4

8.2

–31.6

6.5

1(–)

5.6

65.3

29.0

Hours Worked

–18.2

4.9

–23.1

5.3

1(–)

11.9

58.0

30.1

Wages and Benefits

1.7

37.0

–35.3

36.3

159(+)

23.9

53.8

22.2

Input Prices

9.6

40.0

–30.4

44.2

159(+)

26.9

55.9

17.3

Selling Prices

–16.7

25.9

–42.6

23.2

1(–)

16.3

50.6

33.0

Capital Expenditures

–23.4

23.4

–46.8

23.9

1(–)

12.7

51.2

36.1

General Business Conditions
Future (six months ahead)
Indicator Mar Index Feb Index Change Series
Average
Trend** % Reporting Improved % Reporting
No Change
% Reporting Worsened

Company Outlook

–49.1

15.8

–64.9

16.6

1(–)

14.9

21.1

64.0

General Business Activity

–50.4

12.0

–62.4

13.2

1(–)

11.0

27.6

61.4

Texas Retail Outlook Survey

March 31, 2020

Historical data are available from January 2007 to the most current release month.

Business Indicators Relating to Facilities and Products in Texas
Retail (versus previous month)
Indicator Mar Index Feb Index Change Series
Average
Trend* % Reporting Increase % Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

–82.6

–2.5

–80.1

6.2

2(–)

0.7

16.0

83.3

Employment

–28.4

–1.0

–27.4

2.2

2(–)

0.7

70.2

29.1

Part–Time Employment

–25.5

0.0

–25.5

–1.8

1(–)

3.6

67.3

29.1

Hours Worked

–58.1

–1.7

–56.4

–1.6

2(–)

0.0

41.9

58.1

Wages and Benefits

–20.6

14.7

–35.3

9.7

1(–)

4.1

71.2

24.7

Input Prices

–12.0

19.9

–31.9

18.9

1(–)

7.8

72.4

19.8

Selling Prices

–35.5

27.5

–63.0

10.3

1(–)

1.0

62.5

36.5

Capital Expenditures

–37.5

6.0

–43.5

8.9

1(–)

5.4

51.8

42.9

Inventories

–42.6

–9.7

–32.9

3.6

2(–)

1.6

54.2

44.2

Companywide Retail Activity

Companywide Sales

–83.0

–2.1

–80.9

7.9

2(–)

0.0

17.0

83.0

Companywide Internet Sales

–45.6

16.2

–61.8

6.7

1(–)

0.3

53.8

45.9

General Business Conditions, Retail
Current (versus previous month)
Indicator Mar Index Feb Index Change Series
Average
Trend** % Reporting Improved % Reporting
No Change
% Reporting Worsened

Company Outlook

–83.8

–10.3

–73.5

3.8

2(–)

0.5

15.2

84.3

General Business Activity

–84.2

–5.0

–79.2

–0.6

3(–)

0.7

14.4

84.9

Outlook Uncertainty
Current (versus previous month)
Indicator Mar Index Feb Index Change Series
Average
Trend* % Reporting Increase % Reporting
No Change
% Reporting Decrease

Outlook Uncertainty†

46.4

2.0

+44.4

10.7

3(+)

71.4

3.6

25.0

Business Indicators Relating to Facilities and Products in Texas, Retail
Future (six months ahead)
Indicator Mar Index Feb Index Change Series
Average
Trend* % Reporting Increase % Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

–49.8

17.1

–66.9

32.0

1(–)

16.9

16.4

66.7

Employment

–46.1

–0.2

–45.9

12.0

2(–)

0.8

52.3

46.9

Part–Time Employment

–23.2

6.1

–29.3

0.7

1(–)

7.9

61.0

31.1

Hours Worked

–24.7

–1.5

–23.2

2.5

2(–)

11.6

52.1

36.3

Wages and Benefits

–3.5

23.2

–26.7

27.2

1(–)

19.7

57.1

23.2

Input Prices

–7.3

33.3

–40.6

32.9

1(–)

18.2

56.4

25.5

Selling Prices

–10.7

29.7

–40.4

28.9

1(–)

16.1

57.1

26.8

Capital Expenditures

–34.5

6.4

–40.9

17.7

1(–)

7.3

50.9

41.8

Inventories

–31.4

–14.7

–16.7

8.0

2(–)

17.2

34.1

48.6

Companywide Retail Activity

Companywide Sales

–36.5

20.4

–56.9

30.7

1(–)

18.4

26.7

54.9

Companywide Internet Sales

–6.5

22.2

–28.7

21.7

1(–)

15.2

63.0

21.7

General Business Conditions, Retail
Future (six months ahead)
Indicator Mar Index Feb Index Change Series
Average
Trend** % Reporting Improved % Reporting
No Change
% Reporting Worsened

Company Outlook

–62.4

2.3

–64.7

16.7

1(–)

5.6

26.4

68.0

General Business Activity

–66.0

–1.3

–64.7

12.5

2(–)

6.6

20.8

72.6

*Shown is the number of consecutive months of expansion or contraction in the underlying indicator. Expansion is indicated by a positive index reading and denoted by a (+) in the table. Contraction is indicated by a negative index reading and denoted by a (–) in the table.

**Shown is the number of consecutive months of improvement or worsening in the underlying indicator. Improvement is indicated by a positive index reading and denoted by a (+) in the table. Worsening is indicated by a negative index reading and denoted by a (–) in the table.

†Added to survey in January 2018.

Data have been seasonally adjusted as necessary, with the exception of the outlook uncertainty index which does not yet have a sufficiently long time series to test for seasonality.

Questions regarding the Texas Service Sector Outlook Survey can be addressed to Christopher Slijk at christopher.slijk@dal.frb.org.

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